{"id":25297,"date":"2023-12-28T08:51:12","date_gmt":"2023-12-28T08:51:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-hedge-funds-anticipate-bullish-turnaround-in-2024\/"},"modified":"2023-12-28T08:51:12","modified_gmt":"2023-12-28T08:51:12","slug":"crypto-hedge-funds-anticipate-bullish-turnaround-in-2024","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-hedge-funds-anticipate-bullish-turnaround-in-2024\/","title":{"rendered":"Crypto Hedge Funds Anticipate Bullish Turnaround in 2024"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Hedge funds that specialize in cryptocurrencies are preparing for what looks to be a year that might be good for the markets for digital assets, coming out of the difficulties caused by the severe bear market in 2022. Prominent companies, such as Pantera Capital, under the leadership of seasoned cryptocurrency expert Dan Morehead, are bullish about the likelihood of altcoins surpassing Bitcoin (BTC) in the changing market cycle.<\/p>\n

Pantera fund manager Cosmo Jiang draws attention to a shifting scene, speculating that the sector may be about to enter the second stage of the cycle, during which token selection becomes increasingly important. \u201cIf you believe this industry is going anywhere, there have to be protocols that actually generate revenue,\u201d he says, highlighting the significance of choosing tokens that advance cryptocurrency and technology beyond Bitcoin.<\/p>\n

As part of its diversification strategy, Pantera has made DYDX, the native currency of the Ethereum-based decentralized exchange (DEX), one of its key holdings for the future year. Notably, fewer than 40% of the fund is made up of Bitcoin and Ethereum combined, indicating Pantera\u2019s dedication to looking into prospects outside of the top cryptocurrencies.<\/p>\n

Readiness for the \u201cUpcoming Bull Run\u201d<\/h2>\n

The founder of the cryptocurrency hedge fund<\/a> Alt Tab Capital, Greg Moritz, provides insights into the fund\u2019s conservative approach for the remainder of 2023 and how it will change course to take on greater risk in the next year. Moritz sees a \u201cupcoming bull run\u201d propelled by a number of sector-specific and macro variables. He said he is optimistic about the industry\u2019s comeback this year, paving the way for a prosperous and joyous 2024.<\/p>\n

\u201cWe\u2019re in a position where we are super aggressively positioned for the upcoming bull run\u2026Overall we feel like this year was the recovery. Next year is really to knock it out of the park and celebrate,\u201d<\/em> notes Moritz.<\/p>\n

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175% Extra + $75 Risk Free Bet<\/strong>!<\/strong> <\/p>\n

New players only. 17% on 1st Deposit + $75 Risk Free Bet<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

As of this writing, Bitcoin has had a remarkable annual gain of around 150%, underscoring its durability and allure as a digital asset. Ethereum, on the other hand, has seen a significant rise and is currently trading at around double its initial price from early in 2023.<\/p>\n

To sum up, hedge funds focused on cryptocurrency are preparing themselves for a bull market rebound in 2024, driven by their conviction that alternative tokens will become increasingly important and that the characteristics of the digital asset market will continue to change.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Hedge funds that specialize in cryptocurrencies are preparing for what looks to be a year that might be good for the markets for digital assets, coming out of the difficulties caused by the severe bear market in 2022. Prominent companies, such as Pantera Capital, under the […]<\/p>\n","protected":false},"author":34,"featured_media":25298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25297"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25297"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25298"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}